Knee Bursitis Market Valuation Expected To Reach $3.79 Billion By 2029, Growing At A Rate Of 7.3%
Discover trends, market shifts, and competitive outlooks for the knee bursitis industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Fast Is The Knee Bursitis Market Expected to Grow Between 2025 And 2029?
The market size for knee bursitis has seen considerable growth in the past few years. The market, which is projected to increase from $2.66 billion in 2024 to $2.86 billion in 2025, is expected to grow at a compound annual growth rate (CAGR) of 7.6%. The growth seen in the previous period can be credited to factors like an aging population, more individual involvement in sports and physical activities, bettered diagnostic methods, enhanced healthcare services accessibility, and educational initiatives aimed at healthcare professionals and patients.
The market for knee bursitis is anticipated to witness robust expansion in the forthcoming years. The market value is forecasted to reach $3.79 billion by 2029, with a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this increase during the projected period are heightened awareness initiatives on prevention and management, a rise in disposable income, increased healthcare spending, and improved recognition and diagnosis of knee bursitis. Noteworthy trends in the forecasted period include progress in diagnostic methods, the introduction of new treatments, enhancements in research and development activities, and the emergence of telemedicine and remote monitoring.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Knee Bursitis Market?
The escalating occurrence of diseases related to bones is anticipated to fuel the knee bursitis market’s expansion in the future. Conditions such as osteoporosis, arthritis, and bone cancer fall under the category of bone-related diseases, which affect the structure, strength, and functioning of the skeletal system. Aging populations, sedentary living conditions, poor nutritional intake, and environmental factors contribute to the escalating prevalence of bone-related illnesses. Illnesses like osteoarthritis and rheumatoid arthritis can trigger knee bursitis by instigating inflammation and added pressure to the knee bursa, leading to pain, swelling, and a decline in joint function. A projection by Healthy Bones Australia in September 2022 stated that there are an estimated 6.2 million individuals aged 50 and above in Australia suffering from osteoporosis or osteopenia in 2022. This figure is derived from facts stating that 22% have osteoporosis and 78% have osteopenia among 4.74 million Australians with poor bone health. Hence, the escalating prevalence of bone-related diseases is contributing to the growth of the knee bursitis market. An expanding diabetic population is set to spur the knee bursitis market’s growth in the future. Diabetes, a chronic illness where the body is unable to regulate blood sugar levels correctly due to insufficient insulin generation or inefficient usage of insulin, is increasing due to factors like sedentary lifestyles, unhealthy dietary consumption, and genetic predispositions. Diabetic patients are susceptible to developing knee bursitis due to prolonged knee pressure, compromised immune function, and complications relating to diabetes. A report by the National Health Service (NHS) in June 2024 indicated an 18% increase in the number of people registering as pre-diabetic in 2023, up to 3,615,330 from 3,065,825 in 2022. Therefore, the rise in the diabetic population is fuelling the knee bursitis market’s growth.
Which Segments in the Knee Bursitis Offer the Most Growth?
The knee bursitis market covered in this report is segmented –
1) By Diagnosis: Imaging Test, Other Diagnosis Tests
2) By Treatment: Medication, Therapy, Surgery, Other Treatments
3) By End User: Hospitals And Clinics, Diagnostic Centers, Research Centers, Academic Institutes, Other End Users
Subsegments:
1) By Imaging Test: X-Ray, MRI (Magnetic Resonance Imaging), Ultrasound
2) By Other Diagnosis Tests: Physical Examination, Aspiration Of Joint Fluid, Blood Tests
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Which Areas Are Leading Regions in the Knee Bursitis Market Expansion Across the Globe?
North America was the largest region in the knee bursitis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the knee bursitis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Are the Key Elements That Define the Knee Bursitis Market?
Knee bursitis refers to the inflammation of one or more bursae, the small fluid-filled sacs near the knee joint. These bursae cushion and reduce friction between tissues, such as between bones and tendons or muscles. When inflamed, they cause pain, swelling, and restricted movement in the knee.
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